Neteller
Encyclopedia
Optimal Payments PLC, formerly known as Neovia Financial PLC, is a British
global payments company
based in the Isle of Man
and regulated in the United Kingdom
. It is the provider of the Netbanx
gateway, Neteller
e-wallet, and Neteller Net+ debit card products used by merchants and consumers in over 180 countries.
since its initial public offering
(IPO) in 2004. In November 2008 the company renamed itself to NEOVIA Financial PLC.
In early 2011 the company acquired Optimal Payments and renamed itself to Optimal Payments PLC.
(SaaS) model. The Netbanx
service processes credit and debit card-not-present and non-card payments for North American, European and Asia global retailers through their online stores, mail-order/telephone order and automated (IVR) phone channels. The service offers both direct processing and acquiring merchant services/merchant accounts.
Neteller
is an electronic money
/e-wallet stored-value
service that allows consumers to send and receive money. When a user opens an account with Neteller, all of the transactions are electronically made without any delay or fuss.
British Isles
The British Isles are a group of islands off the northwest coast of continental Europe that include the islands of Great Britain and Ireland and over six thousand smaller isles. There are two sovereign states located on the islands: the United Kingdom of Great Britain and Northern Ireland and...
global payments company
Payment processor
A payment processor is a company appointed by a merchant to handle credit card transactions for merchant banks. They are usually broken down into two types: front-end and back-end....
based in the Isle of Man
Isle of Man
The Isle of Man , otherwise known simply as Mann , is a self-governing British Crown Dependency, located in the Irish Sea between the islands of Great Britain and Ireland, within the British Isles. The head of state is Queen Elizabeth II, who holds the title of Lord of Mann. The Lord of Mann is...
and regulated in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. It is the provider of the Netbanx
Netbanx
Netbanx allows merchants and retailers to accept and process Web or call centre captured global payments via credit cards, debit cards, pre-paid cards, and a range of other payment types. The company has locations in the United Kingdom and Canada and has been offering payment services since 1996...
gateway, Neteller
Neteller
Optimal Payments PLC, formerly known as Neovia Financial PLC, is a British global payments company based in the Isle of Man and regulated in the United Kingdom...
e-wallet, and Neteller Net+ debit card products used by merchants and consumers in over 180 countries.
History
The company was formed from the combination of Neteller Plc, Netbanx Ltd and Optimal Payments Inc. Netbanx was founded in 1996, and both Optimal Payments and Neteller 1999. The company has been publicly traded on the London Stock ExchangeLondon Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
since its initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
(IPO) in 2004. In November 2008 the company renamed itself to NEOVIA Financial PLC.
In early 2011 the company acquired Optimal Payments and renamed itself to Optimal Payments PLC.
Products and services
The company’s products are offered via the software as a serviceSoftware as a Service
Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...
(SaaS) model. The Netbanx
Netbanx
Netbanx allows merchants and retailers to accept and process Web or call centre captured global payments via credit cards, debit cards, pre-paid cards, and a range of other payment types. The company has locations in the United Kingdom and Canada and has been offering payment services since 1996...
service processes credit and debit card-not-present and non-card payments for North American, European and Asia global retailers through their online stores, mail-order/telephone order and automated (IVR) phone channels. The service offers both direct processing and acquiring merchant services/merchant accounts.
Neteller
Neteller
Optimal Payments PLC, formerly known as Neovia Financial PLC, is a British global payments company based in the Isle of Man and regulated in the United Kingdom...
is an electronic money
Electronic money
Electronic money is money or scrip that is only exchanged electronically. Typically, this involves the use of computer networks, the internet and digital stored value systems...
/e-wallet stored-value
Store of value
A recognized form of exchange can be a form of money or currency, a commodity like gold, or financial capital. To act as a store of value, these forms must be able to be saved and retrieved at a later time, and be predictably useful when retrieved....
service that allows consumers to send and receive money. When a user opens an account with Neteller, all of the transactions are electronically made without any delay or fuss.